{"id":32929,"date":"2023-02-25T11:41:25","date_gmt":"2023-02-25T06:11:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jcit-v-chambal-fertilisers-and-chemicals-ltd-2023-450-itr-164-330-ctr-109-sc-editorial-acit-v-chambal-fertilisers-and-chemicals-ltd-2018-61-itr-33-jaipurtrib\/"},"modified":"2023-02-25T11:41:25","modified_gmt":"2023-02-25T06:11:25","slug":"jcit-v-chambal-fertilisers-and-chemicals-ltd-2023-450-itr-164-330-ctr-109-sc-editorial-acit-v-chambal-fertilisers-and-chemicals-ltd-2018-61-itr-33-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jcit-v-chambal-fertilisers-and-chemicals-ltd-2023-450-itr-164-330-ctr-109-sc-editorial-acit-v-chambal-fertilisers-and-chemicals-ltd-2018-61-itr-33-jaipurtrib\/","title":{"rendered":"JCIT v. Chambal Fertilisers and Chemicals Ltd. (2023) 450 ITR 164 \/ 330 CTR 109 (SC) Editorial : ACIT v. Chambal Fertilisers and Chemicals Ltd. (2018) 61 ITR 33 (Jaipur)(Trib.)"},"content":{"rendered":"<p>On appeal against the decision of the High Court affirming the order of the Tribunal to the effect that expenditure of education cess of Rs. 2,41,59,485 was not disallowable under section\u00a040(a)(ii)\u00a0of the\u00a0Income-tax Act, 1961, held, allowing the appeal, that in view of the concession of the assessee in view of the amendment to section\u00a040(a)(ii)\u00a0of the Act by the Finance Act, 2022\u00a0with retrospective effect from April 1, 2005, the education cess paid by the assessee was not allowable as an expenditure under section\u00a037\u00a0read with section\u00a040(a)(ii)\u00a0of the Income-tax Act, 1961. (AY-2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess-Not allowable as business expenditure-Amended by Finance Act, 2022 with retrospective effect from 1-4-2005 (2022) 442 ITR 91 (St). [S. 37(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32929","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8z7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=32929"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32929\/revisions"}],"predecessor-version":[{"id":32930,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32929\/revisions\/32930"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}